by Christine | Feb 28, 2014 | Business Succession Planning, Estate Planning, Family Business, Small Business |
Family businesses account for much of this country’s domestic product and are core to the American Dream. Whether it is a century-old international automobile manufacturer or a group of local dry-cleaners, family involvement in the business is a common goal. Like...
by Christine | Feb 27, 2014 | Estate Planning, Inheritance |
They are relatively older, they are probably inheriting from financially conservative parents and they are dealing with deep emotional reactions. Leaving behind or receiving an inheritance includes several planning points to ponder, including tax questions and legal...
by Christine | Feb 25, 2014 | Elder Care, Elder Law, Medicare, Nursing Homes |
For years, it has been an article of faith that Medicare would not pay for services such as skilled nursing or physical therapy unless that care improved a patient's health status. How did this misunderstanding go on for so long? Learning all the ins and outs of...
by Christine | Feb 24, 2014 | Capital Gains, Cost Basis, Estate Planning, Estate Tax |
At the recent annual Heckerling Institute (the leading conference for estate pros) Paul S. Lee, a Bernstein wealth manager, called for a new approach to planning he puckishly described as “freebasing”–because it frees survivors to get the most potent income tax...
by Christine | Feb 20, 2014 | Elder Law, Estate Planning, Real Estate |
A life estate is a deed that entitles you to remain in your home for the rest of your life and allows your designated heirs to inherit it without the hassle of probate-court proceedings when you die. How can you avoid probate when it comes to the transfer of your home...
